J&l Foundation in Sioux Falls, South Dakota (SD)

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J&l Foundation
Employer Identification Number (EIN)020694762
Name of OrganizationJ&l Foundation
In Care of NameAdler Trust Company
Address401 E 8th St Ste 250a, Sioux Falls, SD 57103-7034
SubsectionCharitable Organization
Ruling Date07/2003
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$4,128,417
Amount of Income$355,332
Form 990 Revenue Amount$66,420
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Independent Foundations


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Amount of income in 2013: $355,332 (it was $111,651 in 2012)
This organization: 

 $355,332
Other organizations performing similar types of work: 

 $103,138

Assets in 2013: $4,128,417 (it was $3,531,406 in 2012)
J&l Foundation: 

 $4,128,417
Other organizations performing similar types of work: 

 $338,623

Expenses in 2012: $180,550
J&l Foundation: 

 $180,550
Other organizations performing similar types of work: 

 $46,867

Income to expenses ratio in 2012: 2.0
J&l Foundation: 

 2.0
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2012: 0.0%
J&l Foundation: 

 0.0%
Other organizations performing similar types of work: 

 79.6%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$111,651$144,401$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$0
Dividends and interest from securities$20
Gross rents$0
Gross profit from sales of goods$0
Other income$111,595
Other$36
Total expenses and disbursements$180,550$29,480$0$180,527
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$4,874$29,480$4,851
Contributions, gifts, grants paid$175,676
Excess of revenue over expenses and disbursements$-68,935
Net investment income$114,921
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$3,531,406$3,531,406
Cash - non-interest-bearing$53,481
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$3,477,048
Other$877
Total liabilities$0
Total liabilities and net assets/fund balances$3,531,406
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,149
Total credits and payments$2,300
2012 estimated tax payments and 2011 overpayment credited to 2012$900
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$1,400
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$1,151
Amount to be credited to 2013 estimated tax$1,151
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?Yes
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$3,529,282
Net value of noncharitable-use assets$3,476,340
Minimum investment return$173,817
Distributable Amount (for 2012)
Distributable amount$172,668
Undistributed Income (for 2012)
Distributable amount for 2012$172,668
Undistributed income for 2012. This amount must be distributed in 2013$161,541
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1John T Vucurevich Foundation2800 Jackson Blvd Ste 410, Rapid City, SD 57702-3477SD2006-01$9,463,631
2Branches Foundation, Christianson Trudy A & Todd J Ttees401 E 8th St Ste 319, Souix Falls, SD 57103-7031SD2000-06$5,883,631
3Blythe Brenden-Mann Foundation401 E 8th St Ste 319, Sioux Falls, SD 57103-7031SD2006-02$4,753,402
4Raft Charitable Foundation, Youngren Faye & T R & G M Johnson401 E 8th St Ste 319, Sioux Falls, SD 57103-7031SD2000-06$4,439,200
5John D & Edna A Hofer TrPO BOX 1089, Mitchell, SD 57301-7089SD2008-10$4,275,478
6Eleanors Fund117 E Capitol Ave, Pierre, SD 57501-3105SD2010-02$2,809,429
7John F Grundhofer Charitable FoundationPO BOX 425, Plankinton, SD 57368-0425SD2010-08$1,461,078
8Marion Bradley Via Memorial Foundation South Dakota601 S Minnesota Ave, Sioux Falls, SD 57104-4824SD2001-08$1,237,508
9Gwendolyn L Stearns Foundation Inc246 Founders Park Dr Ste 101, Rapid City, SD 57701-8092SD2000-11$1,099,439
10Clarkson Family FoundationPO BOX 729, Belle Fourche, SD 57717-0729SD2001-04$905,848
11Engelsma Family Foundation401 E 8th St Ste 319, Sioux Falls, SD 57103-7031SD2003-08$883,482
12Wyman Fam Charitable Foundation, Elizabeth M Wilcox Et Al Co Ttee401 E 8th St Ste 319, Sioux Falls, SD 57103-7031SD2010-01$379,112
13The Mike Cindy And Kylie Huether Family Foundation2815 S Saint Charles Ln, Sioux Falls, SD 57103-4671SD2010-12$348,402
14Edwards Family Foundation39109 126th St, Aberdeen, SD 57401-8187SD2011-03$249,586
15Severson Family Foundation2097 Hyde Park S, Grenville, SD 57239-8317SD2005-09$177,620
16Seljeskog Family FoundationPO BOX 8382, Rapid City, SD 57709-8382SD2005-02$4,242
17Servants Heart Foundation25354 Melanie Ln, Custer, SD 57730-8132SD2007-10$1,001
18Paul And Donna Christen Family FoundationPO BOX 1387, Huron, SD 57350-1387SD2010-02$1
19Paul Eibner Moriarty FoundationPO BOX 705, Brookings, SD 57006-0705SD2000-02$1
20George F And Nancy Ward Dunham Foundation3133 Heidiway Ln, Rapid City, SD 57702-5296SD2014-04$0
Number of organizations performing similar types of work
Alaska9
Alabama199
Arkansas82
Arizona267
California2,351
Colorado400
Connecticut391
District of Columbia107
Delaware405
Florida1,490
Georgia455
Hawaii86
Iowa147
Idaho73
Illinois1,069
Indiana261
Kansas152
Kentucky147
Louisiana127
Massachusetts713
Maryland422
Maine67
Michigan549
Minnesota327
Missouri308
Mississippi56
Montana59
North Carolina649
North Dakota15
Nebraska126
New Hampshire66
New Jersey849
New Mexico78
Nevada194
New York2,454
Ohio628
Oklahoma223
Oregon179
Pennsylvania935
Rhode Island181
South Carolina141
South Dakota32
Tennessee192
Texas1,225
Utah217
Virginia452
Vermont36
Washington375
Wisconsin334
West Virginia49
Wyoming61
International38
Total20,448

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